Brokerages predict that Sherwin-Williams Company (The) (NYSE:SHW) will report earnings per share (EPS) of $4.99 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sherwin-Williams Company (The)’s earnings. The lowest EPS estimate is $4.83 and the highest is $5.20. Sherwin-Williams Company (The) posted earnings of $4.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The company is expected to issue its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that Sherwin-Williams Company (The) will report full-year earnings of $15.08 per share for the current year, with EPS estimates ranging from $15.00 to $15.10. For the next year, analysts anticipate that the business will report earnings of $17.91 per share, with EPS estimates ranging from $17.50 to $18.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Sherwin-Williams Company (The).

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the company posted $4.06 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis.

Several equities analysts have recently issued reports on SHW shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Zacks Investment Research lowered Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. UBS AG reaffirmed a “neutral” rating and issued a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $363.15.

Sherwin-Williams Company (NYSE SHW) traded down 0.99% on Thursday, reaching $339.55. 525,245 shares of the company’s stock traded hands. The company has a market cap of $31.52 billion, a PE ratio of 27.99 and a beta of 1.22. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The firm’s 50 day moving average price is $339.26 and its 200 day moving average price is $332.71.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter valued at about $100,000. American Beacon Advisors Inc. purchased a new stake in shares of Sherwin-Williams Company (The) during the 1st quarter valued at about $106,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter valued at about $123,000. State of Alaska Department of Revenue purchased a new stake in shares of Sherwin-Williams Company (The) during the 1st quarter valued at about $139,000. Finally, Parallel Advisors LLC increased its position in shares of Sherwin-Williams Company (The) by 2.6% during the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 11 shares during the last quarter. 73.90% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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